Video: Small business owner sentiment as inflation rises
October 20, 2022
Inflation is up and the outlook is down.
A confluence of factors as been a drag on the economy through 2022. Small business owners in particular have experienced the challenges of rising inflation, increased interest rates, worker shortages, supply-chain issues and more.
You can watch this video to gain insights from our data that will support conversations you’re having with clients. Hear Nationwide’s Ben Ayers and Brian White discuss:
Current economic conditions
Our market research and small business owner survey results
Concerns of small business owners
How agents can help business owners through this period
It’s important to note that rising costs can impact commercial property as prices to build, maintain and repair property increase. In this environment, it’s vital that business owners’ coverage keeps pace with these increases, or they can face large expenses if a loss occurs.
The information in this report is provided by Nationwide Economics and is general in nature and not intended as investment or economic advice, or a recommendation to buy or sell any security or adopt any investment strategy. Additionally, it does not take into account any specific investment objectives, tax and financial condition or particular needs of any specific person.